Singapore Gulf Bank clients can convert between fiat and stablecoins directly from their SGB accounts with 24/7 settlement.
Digital wholesale bank Singapore Gulf Bank (SGB) has announced a strategic banking relationship with Standard Chartered to improve payment flows and transactions.
The partnership aims to improve SGB’s multi-currency services and payment rails in emerging markets. At the same time, it also aims to streamline payment flows and reduce friction in cross-border transactions.
“By partnering with Standard Chartered, SGB is resolving the bottlenecks and providing the modern infrastructure required to power the digital asset economy across these vital corridors,” said Shawn Chan, Chief Executive Officer of SGB.
Karine Zakhour, Head of Banks and Broker Dealers (BBD) for the Middle East and Pakistan at Standard Chartered, said: “Cross-border payment flows across key growth corridors are accelerating, and the infrastructure supporting them is evolving to match that pace.”
Stay updated on crypto and AI by following our socials
